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Form F. K, 233 STa TELENT FOR THE PRESS Released fo r p u b lica tio n Friday morning, August 27; not e a r lie r , Board o f Governors o f the Federal Reserve System August 26 , 19^3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 25 member bank reserve balances increased $1+2,000,000. Additions to>member bank reserves arose from increases of $551,000,000 in keserve Bank credit and $ 6 ,000,0-.'0 in Treasury currency, offset in part by increases of $219,000,000 in nonmember deposits and other Federal Reserve accounts $205.000,000 in Treasury deposits with Federal Reserve Banks, $c>9.000,000 in money in circulation and $3,000,000 in Treasury cash, .Excess reserves of member banks on August 25 were -¿Jstimated to be approximately $1,110,000,000, a decrease of $130,000,000 for the week. - There, was. an. increase of $621,000,000 in holdings of United States Government securities. B ills increased $600,000,000, certificates $15,000,000 and bonds $6 , 000 , 000 . Changes in member bank reserve balances and related items during the week and the year ended August 25, 191+3, were as follows t Increase or decrease since Aug. 25, 191*3 Aug. 13, .19U3 Aug. 26, 191+2 (In millions of dollars) Member bank reserve balances Honey in circulation Treasury cash Treasury deposits with F. R, Banks Nonmomber deposits and other P. R. accounts + '22 +621 12 + 1 : - 93 CO Total Keserve 'Bank credit Gold stock Treasury currency 1|0 s,7UU 33 OS K B ills discounted U. S. Government direct obligations U# S. Government guaranteed obligations Industrial advances (not including 12 million commitments - August 25 ) Other Reserve Bank credit — + 35 +5,360 + 23 2 + I9 I 9,137 +551 + 1 + 6 +5,612 - U55 + 761 12,702 + 1+2 + 09 + 3 + - 176 +5,21+6 + 63 + 120 + 305 22,292 It, 090 10,303 2,282 301+ 1,936 +205 +219 STAÏliL^hKT OF G E D I T I O N Or Tlliü ySüElûJ, REb-JftVE BA1ÎKS ON AUGUST 25, ;I9Ù 3 (In thousands of dollars) Total Boston Now York Phila. Clove. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. L l i / B L L I I I E S F .'R. notes, in actual c i r * culation 114, 710,293 1043,646 3, 2 51,13 1 1029,774 1,342,647 950,919 772,399 2,31*7,932 .613,01*9 340,391 523,916 341,105 1,631,331* Deposits: Member bank-rescrvo a cct. 12,702,115 '623,019 1*,31*6,139 653»313 1,022,>¿60 523,732 404,545 1,971,1*30 1*22,969 273,9314 564,562 1*75,351* 1,339,753 23,061 U.S.Treasurer-genural acct. 303,61*9 3,325 3 5,390 21,81*6 29,705 11,035 13,925 32,496 15,645 14 , 527 15,230 25,614 32,639 Foreign 1,229,.603 20, 6 2 6 1 / 577,909 103,276 100,015 1*6,71*6 33,049 132,629 32,614 23, 9 1 7 . 30,439 32,614 42,702 Other 375,409 4,659 273,537 5,221 3,374 3,423 2,674 4,935 0,063 3,50 1 4,544 2 , 1*76 Form F. ft./23Jc Total deposits 11*, 610,776 665,929 5,233,555 703,661 1,161,054 590,736 544,193 Deferred availa b ility items 1,114,759 62,233 227,652 .66,079 115,300 94,647 >0,657 Other lia b ilit ie s including accrued dividends 190 131 2,104 532 442 674 5,005 TOTa L.LIABILITIES 30,441,713 13"00,9'06 0,,764,442 1330,31*6 2, 619,443 1644,533 1379,028 Capital paid in 6,030 5,348 55,000 11,706 15,444 149,025 9,532 Surplus (Section 7) 5,725 53,001 15,670 14,767 5,236 160,411 • 11,160 Surplus (Section 13t>) 26,029 7.070 4,393 1,007 3,244 717 2,074 Other capital accounts 4,403 26,156 6,627 0,626 4,034 5,665 91,513 TOTiii LIABILITIES aND CAPITAL accounts 30,-869,491 1330,137 0, 910,677 1919,242 2,659,207 1663,539 1394,052 Commitments to make industr ial. advances 9 1,042 400 41 710 11,932 943 7. K. notes outstanding Collateral for F.ft.notes held by F.R.Agents: Gold certificates Eligible paper U. S. Gov1t securities 15,263,325-1033,304' 3,347,702 1060,555 1,373,132 506 203 614,32 5 536,053 1,433,205 120,913 62,973 33,300 I99 261 322 I73 5,143,163 1149,131 6?6,21*6 1206,975 915,721 3,241,274 12,132 4,536 16,566 4,341 3,107 4,o37 ■22,925 3,221 11,044 4,033 3,613 4,966 2,121 1,000 530 1,137 1,307 1,429 6,656 4,092 4,060 13,067 3,455 3,779 5,197,955 1163,332 707,433 1220,650 929,102 3,273,277 1,760 033,061 2, 399,616 • 3,000 — 651,464 355,063 -- 3,219 553,553 377»236 1 , 732,201 . 11*, 011,000 39,477 1 , 416,900 Total B ills discounted 40,364 Industrial advances 11,791 U. b. Government securities $ direct and guaranteed 3,776,311 905,770 2, 11*1 , 1*90 400,091 320,929 . 153,110 55,733 26,227 970,000 2, 770,000 6,200 21*, 807 120,000 600,000 TSithin 15 days 33,376 10,460 920,000 1 , 300,000 377,000 740,000 2, 930,000 375,000 356,000 560,000 334,000 1 , 749,000 — — — 100 100 5,500 2,030 740 — — ■ " — 316,900 5,000 125/000 100,000 150,000 1.1PURITY DISTRIBUT iOH OF BILLS uUD SECURITIES 16 to 30 days 970 76 31 to 60 days 923 09 61 to 90 days 95 39 9I days to 6 months 442 6 months to 1 year — 21*3 1 to 2 yea:rs — 312 239,600 217,100 693,650 979,120 967,009 2,21*2,363 1 , 073,316 l / A fter deducting $650,566,000 p a r tic ip a tio n s o f other Federal Reserve Banks. 2 to 5 years — 125 690,.671 Over 5 years — — 065,477 Form F. k. 2B>a' Released for publication Friday .morning, August 27,19^3; n 0 ^ earlier. STaTEI iEin? OF CONDITION OF TKii TWELVE FSDERa L RESERVE BANKS COF.3IKED (In thousands of d olla rs) Increase or decrease since Aug, 25, 19143 .mg. 18, 191+3 -ug. 26, 191*2 20, 036,216 G6,<i lit 330,551 20,1+53» 131 - 13,1+96 + 11,1*29 + 1,375 192 511*, 910 + 73,373 + 05,513 — 356,019 1+0, 361+ — + 22,1+17 — 1+0, 361+ 11,791 + 22,.a i.7 + 300 + + 3 S -E T S Gold c e r t ific a te s on hand and due from U. S. Treasury Redemption fund - F. R. notes other cash Total reserves B ills discounted: Secured by U.S. Gov’ t obligation s, d irect and guaranteed Other b i l l s discounted Total b i l l s discounted 36,039 1,092 31+, 9l*7 2,390 Industrial advances U. S. Government secu rities, d irect and guaranteed: Bonds Notes C ertifica tes B ills Total U. S. Government s e cu ritie s , d irect and guaranteed 1 , 1+;; 1 , 31+0 / 23, u00 1 , 106, 700 5,a65,3o3 + 6,000 — + 15,000 +600,136 163,935 it, 705 + 765,727 +1+,,795,953 3,776/111 +621,136 +5j,303.,oUo Total b i l l s and secu rities 3, 323,966 Due from foreign banks F, k. notes of other banksUncollected items Bank premises Other assets 127 - '62,073 1 , 1+22,1466 33,602 61+, 071 +61+3,^53 -360 -233,! i09 29 227 +5j,1+20,597 + 30 + 32,009 + ]575,loU 1,706 + 13,361 30, 369, 1+91 +359,556' +5,,1433,31+6 H+,710,293 + 01+, 710 +-1+,,679,352 12, 702,115 303, 61+9 1 , 229,603 375,1+09 i t , ¿ 10, 775 + 1+2,51+7 +20I4, 5^9 + 31,561 +135,093 +I46I4 ,570 + + + * 175,697 127, 69!+ 521,963 9 u 630 570, 72!+ i,iil+ , 759 -190,555 + 10I4, U37 3I46 + TOTAL ASSETS - L I A B I L I T I E S F. R. notes in actual circu la tion Deposits? i.-icmber bank-reserve account U.S.Treasurer-general account Foreign Other Total deposits Deferred a v a ila b ility items Other li a b i l i t i e s including accrued dividends TOTa L LIABILITIES c a p i t a l 5,-35 30,1+1+1,713 +359,071 i,T 5 ° +5, 1*36,263 c c q d f t s Capita-1 paid in Surplus (Section 7) Surplus (Section 13b) wther capita l accounts TOTAL LIABILITIES. AND C^PIT,vL ACCOUNTS Ratio o f to ta l reserves to deposit and F.k. note l i a b i lit ie s combined 11+9,025 •160 , a ll 26,329 91,513 30, 865, 1+91 Commitments to make industrial advances 11,932 + 69 . 3°/» 3 + — + 1+80 + + 3,063 2,909 1 uo 1+0,763 +359,556 +5, 1+33,01+6 - - 1.39b 331 - 16. 6, c .7 3 Form F. R.' 283b STATEMENT OF CONDITION OF THB FEDERAL RESERVE BANKS ON AUGUST 25, 19^3 (I n thousands o f d o lla r s ) ASSETS Total Boston New York Phi la . Cleve. Rich. Gold certificates on hand and due from U.S.Treasury 20, 036,216 1210,182 4 , 606,779 1210,898 1,885,185 I I 55,425 623 redemption fund - F.R.not*es 7,362 86,1*11* 8,018 29,987 8,079 23,366 Other cash 27.920 ; 21*,981 83,155 330,551 28,283 Total reserves Minn. ICuns.Cy. Dalias San Fran. 630,291 1*70,915 20,31*1 139 12, 31*5 8,853 870, 1*50 620,298 2,.425,3ft2 783 3,333 755 Ì 6 ,510 10,258 38,145 20,1*53,181 121*6,120 1*,719,921 121*3,958 1,909,171* 1191,070 1012,509 3 ,91*1,661 722, 9 7 7 1 *79,907 857,715 631,339 2.,466,330 6,200 — 21*, 807 Total b i lls discounted 40,364 6,200 Indu str i al advanc es 11,791 U. S. Government secu rities, direct and guaranteed: 3onds 1,1*81,31*8 Notes 723, 1*00 Certificates 1,106,700 B ills 5,1*65,363 1,461 Total U.S. Gov’ t securities, direct and guaranteed 8,776,811 71*0 — 525 —r 2,030 — — 21*, 807 71*0 525 2,030 — 159 4,759 706 375 231* 1* 262,699 119» 1*77 123,286 58,345 89,260 196,261 168,21*1* 3,21*1,8^9 122,508 173,301* 59.825 8l*,631 91.525 . 129,1*73. 305,321 197,71*9 96, 1*67 1*7,109 72,067 129,1*11* 36,526 1*2, 251* 61*, 61*1 101,160 203,897 99,571 152,331 577,390 1*8,81*2 50,311* 23,351 21*, 570 36,1*9° 37,583 256,336 '76,990' 435,326 3, 829,115 579,179 585,157 345,057 294,589 1 , 033,139 366,019 139,462 442,937 3,854,081 594,678 . 586,388 347,462 294,323 1 , 033,203 13 2,334 78,953 4,672 4,634 13 2,754 143,554 4,251 3,153 6 7,965 110,065 2,960 4,.oo5 Total b i lls and securities 8,828,966 Duo from foreign banks F.R. notes of other banksUncollected items Bank premises Other assets 127 3 62,078 1,436 1,422,466 132,362 38,602 2,689 64,071 : 4,540 Chicago St.Louis 990, 31*5 3, 900, 11*6 6,222 722 15, 91*2 1*0,793 B ills discounted: ¿Secured by U.S. Govf t obligations, direct and guar-^teed 1*0, 36a Other b ills discounted — Total*¿¿¡SETS Atlanta — 1/ 46 10,311 303,565 9,695 ■ 12,558 — 5 5,706 76,664 1,667 3,473 230 — 15 5,500 — 100 — 100 — 15 5,500 •100 100 117 • 1*5 30 18 4,000 74*593 36,427 55,725 77/156 169,645 82,845 126,742 255,697 240,883 243,901 634,929 — — 73,076 35,686 54,597 77,529 ' 117 -- 230 639,159 371,519 139,607 241,013 ¿44,036 .. 1* . 211 17 ■. 4 3 9,090 1,301 •2,218 4,176 7,572 ; 6,715 204,694 73,463 47,327 143,450 60,313 33,056 1,002 2,002 1,292 2,761 2 ,641 2,384 7,096 , 2,268 3,Î76 .8,776, 1 2,262 ■*. • „ 30, 369,491 1330,137 3,910,677 1519 , 21*2 2,659 ,207 1663,539 1394,352 5,197,955 1ï63,332;707,433 1220,653 9^9,102 3,273,277 l / A f t e r deducting $81,000 p a r tic ip a tio n s o f other Federal Reserve* Banks'.